Startek launched a new PIV certified solution as e-KYC (electronic Know Your Customer) applications gain wide acceptance in the markets.
launched a new PIV certified solution as e-KYC
(electronic Know Your Customer) applications gain wide acceptance in the markets. Besides the FC320U fingerprint reader for enrollment applications, the newest fingerprint module, FM300E, comes with identity verification and cloud-based fingerprint recognition technology called Bio-server. Startek aims at going after massive potential in USA, South America and Southeast Asian markets.
EKYC means to digitally verify identities. Through eKYC, registration of one’s identity in real name can be implemented in systems. It is an important part of compliance in crime fighting fields such as anti-money laundering, and has since been adopted widely in government policies, telecom and finance industries to confirm identities of users in transactions.
The Federal Government of the United States has launched the PIV badge with fingerprint information stored inside for the access control since 2007. The cards can only be issued after the background of the Federal Employees and Contractors pass through security clearance. So far, there have been over 25 million PIV cards issued.
Governments worldwide have noticed the importance of the information security. The functions of PIV card have been expanded beyond physical access control to include information management. PIV cards now also cover commercial applications nowadays. Except India and China, governments all over the world follow the PIV regulation as the standard. Global scale applications have introduced tremendous opportunities for providers of fingerprint recognition technology.
The past 10 years have been the Infrastructure building period for fingerprint systems. Startek provided its FC320U (PIV certified) as enrollment tool to various governments and banks worldwide for the fingerprint database building. Since 2007, the Middle East, Southeast Asia and South America already set up their national fingerprint database and provide the fingerprint identity verification services to their citizens. It is estimated that in 2017, as eKYC gains popularity, there will be demand for 10 million fingerprint devices at the USA. Adding the Middle Eastern, Southeast Asian, and South American countries, market demand can exceed 20 million units.
Startek has dedicated to the fingerprint identity verification service for many years. It is the only qualified vendor from Taiwan, who has STQC and PIV certifications, supplying in the Indian fingerprint market. Adding to its arsenal of FC320U and Cloud Based Bio-server software suite, Startek introduces the latest PIV certified FM300E to embrace the huge global market, and expect the new product will prompt Startek to reach new height in future growth.